Japan Credit Rating Agency, Ltd. (JCR) preserved Republic of Turkey's sovereign ratings at investment grade, while revising down the rating outlook from 'Stable' to 'Negative' on its report dated August 14, 2018.
Accordingly, JCR Eurasia Rating has affirmed the ratings of Türkiye Garanti Bankası A.Ş. as 'AAA (Trk)' on the Long Term National Scale, 'BBB' on the Long Term International Foreign Currency Scale and 'BBB+' on the Long Term International Local Currency Scale, while revising down the rating outlook from 'Stable' to 'Negative'.
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Turkiye Garanti Bankasi AS published this content on 17 August 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 17 August 2018 13:20:03 UTC
Turkiye Garanti Bankasi AS is a Turkey-based banking institution. It operates under the following business segments: Retail Banking, Corporate/Commercial Banking and Investment Banking. The banking products served to customers are: custody services, time and demand deposits, accumulating deposit accounts, repos, overdraft facilities, spot loans, foreign currency indexed loans, consumer loans, automobile and housing loans, working capital loans, discounted bills, gold loans, foreign currency loans, Eximbank loans, pre-export loans, Export Credit Agency (ECA) covered financing, letters of guarantee, letters of credit, export factoring, acceptance credits, draft facilities, forfeiting, leasing, insurance, forward, futures, salary payments, investment account (ELMA), cheques, safety boxes, bill payments, tax collections and payment orders. The Bank provides service packages to its corporate, commercial and retail customers including deposit, loans, leasing and factoring, among others.